Depending upon your industry and the unique characteristics of your business, there are special concerns that you must address. However, most organizations will require these basic insurance and risk management services:

Property Coverage
Provides protection for your real and personal property for damages caused by fire, theft, storms and other insured perils. Usually includes Business Interruption coverage, which covers your loss of income and continuing expenses in the event of a direct loss to your covered property, and Inland Marine coverage, which protects property taken off of your premises.

General Liability
Protects you in cases where you are legally obligated to compensate someone who incurs bodily injury and/or property damage as a result of your negligence.

Commercial Auto
Provides coverage for physical damage to your vehicles; liability coverage for you and your employees if they are involved in an accident involving others; payment of medical expenses for occupants of your vehicles, regardless of fault; coverage for uninsured/underinsured motorists who may become involved in an accident or other incident with your employees.

Boiler and Machinery
Provides coverage for damages resulting from an accidental mechanical breakdown, electrical disturbance or boiler explosion.

Electronic Data Processing
Provides coverage for computer and communication equipment that breaks down as the result of an insured peril, as well as the cost of reproducing data and media that is lost as a result.

Workers’ Compensation
Provides coverage, as mandated by state law, for injuries to workers. Also includes coverage for lawsuits filed by employees for work-related injuries.

Crime
Provides coverage for burglary or robbery situations, as well as theft or fraud by employees.

Umbrella Liability
Provides liability protection above and beyond what is available through your basic General Liability policy, and in addition, covers some types of liability situations that are excluded from your basic policy.

Other coverages that you should consider include:

Directors & Officers
Provides coverage for defense costs and damages in cases where directors and officers—and in some instances, employees—are sued by stockholders, employees, the government or public for alleged wrongful acts.

Fiduciary Liability
Provides coverage for your personal liability as the trustee or administrator of any ERISA employee benefit plan if you have violations or errors and omissions in administering the plan, or if participants allege poor plan performance.

Employment Practices Liability
Provides coverage for defense costs and damages in employment lawsuits involving discrimination, harassment, wrongful termination and other employment issues.

Cyber Risks
Provides coverage for damages that occur due to outsiders damaging your computer system (viruses, illegal access to records, extortion, etc.), your own employees causing damage, as well as your liability to others for personal injury, copyright infringement and so forth on your Website, or elsewhere.

Pollution Liability
Provides coverage for your liability in the event of environmental damage and cleanup, on your property or someone else’s.